BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,817 shares of the computer hardware maker’s stock after purchasing an additional 719 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in NVIDIA were worth $8,011,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Concorde Asset Management LLC lifted its position in shares of NVIDIA by 16.3% during the second quarter. Concorde Asset Management LLC now owns 1,481 shares of the computer hardware maker’s stock worth $351,000 after acquiring an additional 208 shares in the last quarter. LVW Advisors LLC raised its position in shares of NVIDIA by 11.7% in the second quarter. LVW Advisors LLC now owns 2,010 shares of the computer hardware maker’s stock worth $476,000 after buying an additional 210 shares in the last quarter. Amarillo National Bank raised its position in shares of NVIDIA by 19.1% in the second quarter. Amarillo National Bank now owns 1,358 shares of the computer hardware maker’s stock worth $322,000 after buying an additional 218 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in shares of NVIDIA by 12.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 1,995 shares of the computer hardware maker’s stock worth $462,000 after buying an additional 219 shares in the last quarter. Finally, Commerce Bank raised its position in shares of NVIDIA by 2.3% in the first quarter. Commerce Bank now owns 9,934 shares of the computer hardware maker’s stock worth $2,301,000 after buying an additional 220 shares in the last quarter. 65.69% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ NVDA traded up $4.11 during trading hours on Wednesday, hitting $278.49. The company’s stock had a trading volume of 10,487,500 shares, compared to its average volume of 13,321,596. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.41 and a quick ratio of 6.66. The stock has a market capitalization of $165.51 billion, a PE ratio of 59.64, a PEG ratio of 3.57 and a beta of 1.56. NVIDIA Co. has a 12 month low of $162.26 and a 12 month high of $279.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, August 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.22%. NVIDIA’s payout ratio is presently 12.85%.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $250.00 price objective (up previously from $243.00) on shares of NVIDIA in a research report on Friday, August 17th. FBN Securities assumed coverage on NVIDIA in a research report on Tuesday, June 26th. They issued an “outperform” rating and a $300.00 price objective on the stock. B. Riley increased their price objective on NVIDIA from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Finally, Benchmark began coverage on NVIDIA in a research report on Tuesday, June 26th. They set a “buy” rating and a $280.00 price target on the stock. Eight analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $281.58.
In related news, Director Harvey C. Jones sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $242.11, for a total value of $24,211,000.00. Following the sale, the director now directly owns 31,725 shares of the company’s stock, valued at $7,680,939.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 21,029 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $264.65, for a total value of $5,565,324.85. Following the completion of the sale, the director now directly owns 21,992 shares in the company, valued at $5,820,182.80. The disclosure for this sale can be found here. Insiders sold 209,601 shares of company stock worth $52,682,186 over the last three months. 4.70% of the stock is owned by insiders.
NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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